Getting a Good Night’s Sleep as a Real Estate Investor
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Jeff at BawldGuy Talking has done a great job of reminding us how important it is to keep our feet on the ground and prepare for “Uncle Murphy” as he puts it. He is absolutely right that as real estate investors we must have cash reserves available at all times in this business. I have met more than a few investment property owners that are in financial trouble or foreclosures because they have no reserves available to deal with the occasional vacancy, water heater replacement, or other unexpected (and sometimes expensive) repair or issue. Read his article about Real Estate Investing through Purposeful Planning.
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Scott Ficek is a Minnesota Real Estate Agent with Keller Williams Integrity in Minneapolis and helps new and seasoned investors buy and own Investment Property. He owns and manages almost 30 investment property units from single family to multi-family. Find his website at www.minnesotainvestmentrealestate.com or receive his blog via your RSS Feed or in your Email.
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